The Reserve Bank of India (RBI) on October 4 commenced its three-day bi-monthly Monetary Policy Committee (MPC) meeting with the financial market participants monitoring the developments keenly.
RBI Generally Holds 6 Bi-Monthly Meetings In A Financial Year
The Indian central bank generally holds six bi-monthly meetings in a financial year during which it discusses on interest rates, money supply, inflation outlook, and various macroeconomic indicators.
“Domestically, we believe at 6.50 per cent, we are in for a prolonged pause as seasonality of inflation is tapering first…,” the report authored by Soumya Kanti Ghosh, Group Chief Economic Adviser read.
“We believe the (RBI’s) stance should continue to be withdrawal of accommodation as inflation is unlikely to tread below 5 per cent in rest of 2023-24,” the SBI Research report added.
